iShares U.S. Home Construction ETF (BATS:ITB) Reaches New 52-Week High – Here’s Why

iShares U.S. Home Construction ETF (BATS:ITB)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $109.99 and last traded at $108.42, with a volume of 4965026 shares traded. The stock had previously closed at $105.31.

iShares U.S. Home Construction ETF Trading Up 3.8 %

The business has a 50 day moving average of $112.32 and a 200-day moving average of $116.06. The stock has a market cap of $2.78 billion, a PE ratio of 11.56 and a beta of 1.41.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

A number of institutional investors have recently modified their holdings of ITB. Secure Asset Management LLC grew its position in iShares U.S. Home Construction ETF by 38.8% during the 4th quarter. Secure Asset Management LLC now owns 3,839 shares of the exchange traded fund’s stock worth $397,000 after purchasing an additional 1,074 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of iShares U.S. Home Construction ETF by 20.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 3,648 shares of the exchange traded fund’s stock worth $377,000 after buying an additional 616 shares during the period. Zhang Financial LLC grew its holdings in shares of iShares U.S. Home Construction ETF by 9.8% during the fourth quarter. Zhang Financial LLC now owns 16,967 shares of the exchange traded fund’s stock worth $1,754,000 after buying an additional 1,517 shares during the last quarter. Sandbox Financial Partners LLC acquired a new position in iShares U.S. Home Construction ETF in the 4th quarter valued at about $3,094,000. Finally, Ameritas Advisory Services LLC increased its position in iShares U.S. Home Construction ETF by 67.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,008 shares of the exchange traded fund’s stock valued at $725,000 after acquiring an additional 2,829 shares during the period.

iShares U.S. Home Construction ETF Company Profile

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes.